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BRUSSELS (dpa-AFX) - Compagnie Financiere Richemont AG (CFRUY.PK), a Swiss
luxury goods company, reported that its first-quarter sales declined 1% to 5.27
billion euros from 5.32 billion euros in the prior year. But quarterly sales
were up 1% at constant exchange rates.

The company reported growth across all regions, except for Asia Pacific, driven
by Japan and the Americas, both at actual and constant exchange rates.

At constant exchange rates, Retail sales increased by 2%, driven largely by
mid-single digit growth at the Jewellery Maisons. Online retail sales rose by
6%, sustained by growth at Watchfinder as well as the Jewellery and Fashion &
Accessories Maisons. The 5% sales decline in the wholesale channel primarily
reflected weaker performance in Asia Pacific.

The Group's three Jewellery Maisons - Buccellati, Cartier and Van Cleef & Arpels
- delivered a 4% sales growth against demanding comparatives.



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